O'Mara Rebecca Martinez 4

What Happened
Rebecca O'Mara Martinez, a director of ENVIRI Corp (NVRI), had 18,309 phantom stock units settled into 18,309 shares of common stock on May 18, 2026. The filing shows an exercise/conversion (transaction code M) with an exercise price of $0.00. This was a settlement of deferred compensation, not an open-market purchase or sale.

Key Details

• Transaction date: May 18, 2026; Filing date: May 20, 2026 (filed timely).
• Transaction type/code: Exercise/conversion of derivative (M).
• Shares acquired: 18,309 at $0.00 exercise price.
• Matching derivative "Disposed" entry corresponds to the conversion/settlement of the phantom units into shares (see footnote).
• Footnote F1: The shares represent settlement of deferred compensation held as phantom stock units; each unit settled into one share on May 18, 2026.
• Shares owned after the transaction: Not reported in the provided filing.

Context
Phantom stock unit settlements convert a deferred compensation right into actual shares; they are routine compensation events and do not necessarily signal insider sentiment. There is no indication in the filing that the settled shares were sold in the market or that any 10b5-1 plan or tax-withholding sale occurred.